SK Global Chem snags tight pricing

SK Global Chemical printed South Korea’s first public dim sum bond of the year with what bankers saw as competitive pricing, underscoring investor demand for well-established companies in a market that is still struggling to harness larger supply.

By Frances J. Yoon

17 Sep 2013

Leads Bank of China and HSBC announced the trade at 4.375%, a 10bp-20bp premium over the average yield of triple-B rated Chinese state-owned enterprises, according to a banker on the trade. He added that the lack of direct comps forced bankers to use liquid and similarly rated Chinese
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